Video explains the past two Bitcoin speculative bubbles and how we may be in the beginning of the 3rd bubble right now!
There’s no question Bitcoin is the most revolutionary invention of the 21st century, and is already changing the financial landscape of the world for future generations. Many experts predict that the value of Bitcoin and other crypto-currencies could surpass $10,000 and reach as high as $1 million.
A recent currency reset in India by the government has devalued the 1000 and 500 rupee causing a panic amongst the populous. Speculators are moving to Bitcoin which is considered a safer alternative to fiat currencies controlled by central banks.
A Bloomberg interview with Bill Gates brings up an interesting discussion about Bitcoin with Mr. Gates quoted saying, “Bitcoin is better than Currency” due to its nature of being low cost.
A recent ruling by a U.S. judge in New York decided that Bitcoin is considered money. The defendant argues that under Federal Law Bitcoin is an intangible item. What are you thoughts on whether Bitcoin is money or not? Leave your opinions in comments below.